Layoffs at Bold Films Bold Films cut its workforce by nearly 50%. The layoffs included high-ranking positions within the company, such as the senior vice president of productions, other executives, and support staff. As a result, the company is working as a smaller tight-knit group that includes the finance department and which involves more responsibilities (more…)
Verizon Layoffs 2018 In January 2018, telecommunications company Verizon Communications Inc. (NYSE:VZ) is planning on giving 190 employees of its Santa Clara, California office permanent layoff notices. The affected employees were made aware of Verizon’s layoffs in 2018 in November. Verizon is not the only company cutting jobs in the California area in January. Capital One Financial (more…)
Cable TV Declines in 2017 The year 2017 is going to be remembered for two things in the media segment of the market. The first is the thousands of job cuts that impacted small- to large-sized global businesses. The second is Internet advertising surpassing television advertising for the first time ever. This trend is expected to (more…)
Intel Layoffs 2017 Intel Corporation (NASDAQ:INTC) cut its headcount in the states of California and Oregon by approximately 250 employees over the course of 2017. These Intel layoffs in 2017 are part of a bigger plan to reduce overall spending. While the company has experienced growth thanks to success from its data center business, the chipmaker (more…)
CBS Layoffs 2017 CBS Corporation (NYSE:CBS) will be reducing its workforce through buyouts, layoffs, and eliminations of positions. In total, there will be fewer than 100 employees no longer employed by CBS when everything is said and done. This move of reducing the employee headcount will impact employees in various departments, including ones that work under the (more…)
Avanir Pharmaceuticals Inc will reduce its employee headcount by 11% or 73 employees. The job cuts are expected to be completed by the end of January of the new year.
Amesbury Truth Layoffs Going to Impact Employees in 2018 Amesbury Truth, Inc. is planning to close its New York State facility, which will result in 142 employees no longer being employed by the company. Employees will begin to get notified at the beginning of March 2018. All employees should receive their layoff notices by the end (more…)
Alaska Communications Systems Group Inc. (NASDAQ:ALSK), a telecommunications company located in Anchorage, is planning to cut approximately 30 employees, or five percent of its work staff.
Sale of Magazine Results in Layoffs Time Inc (NYSE:TIME) is selling off its Sunset magazine to Regent, L.P., a private equity firm, for $20.0 million. This has resulted in about 10 members of the Sunset team receiving layoff notices. The sale of the business comes at a point when the media industry is seeing dramatic changes. At (more…)
SouthComm, Inc. is going to reduce its editorial staff by 25%, which will impact employees working in the Nashville, Tennessee office. This announcement came only one month after the founder and former CEO, Chris Ferrell, stepped down.